Tag Archives Economics

Volvo EV

The Volvo motor-car company confirmed in 2017 the strategic decoupling of their vehicles from the internal combustion engine, supplementing all vehicles from 2019 with electric motors. We are committed to electrification, so from 2019 all new Volvo car models will include an electric motor. [ Hakan Samuelsson - President & CEO ] It will launch five fully electric cars between…

Miners of the cryptocurrency BITCOIN, use more electricity than 159 countries in the world. If it keeps increasing at this rate, Bitcoin mining will consume all the world’s electricity by February 2020. I might type that again. If it keeps increasing at this rate, Bitcoin mining will consume all the world’s electricity by February 2020. Think about that for a…

Coal and Wind

Two excellent discussions on the path to zero carbon. Radio National Science Show -  The path to Zero carbon The Earth has warmed by 1 degree. 2 degrees will bring with it awful consequences. Are we on track for getting the rise under control? Join Robyn Williams and a panel of energy experts at Brisbane’s World Science Festival. What you…

Indian Currency

The team at HowMuch.net  continue their excellent work. The full article can be found here. The Global Finance Magazine recently released an article comparing countries by income across the world for 2015, sourcing data from the World Bank. Gross National Income (GNI) per capita is the final income earned by a country’s residents divided by the total population. Countries are…

New York

This 3D Map Visualizes the U.S. Economy in a New Way The team at howmuch.net built a map to provide a 3D visualization of the GDP growth by US metropolitan areas. The higher the cone rising out of the map, the greater the GDP growth in that area. GDP growth increased 2.3% in 2014 as compared with 1.9% growth in 2013. The industry with…

Age Acceleration

Profound economic, social and civil changes have provoked a remarkable series of temporally cogent observations from vastly different actors this week.  This highlights the diverse yet converging, social, academic and political recognition at the heart of public-policy challenges in the 21st century. At the CORE of future policy and an inclusive, functioning civil society, is the recognition of the centrality of good governance.…

"Capital in the Twenty-First Century", written by the French economist Thomas Piketty I am yet to finish reading this, but earlier this year, the economist said: "Capital" is built on more than a decade of research by Mr Piketty and a handful of other economists, detailing historical changes in the concentration of income and wealth. This pile of data allows Mr Piketty…

Tim Harford wrote a piece in ft.com earlier this year, documenting the [not-so-surprising] inaccuracy and just-plain "wrongfulness" of economic forecaster[s] [ing]...... In the 2001 issue of the International Journal of Forecasting, an economist from the International Monetary Fund, Prakash Loungani, published a survey of the accuracy of economic forecasts throughout the 1990s. The record of failure to predict recessions is…

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